At an industry event on mining finance, the president of the Brazil Securities Commission, Otto Lobo, received a document from the Collaborative Network for Mining Financing in Brazil setting out suggestions to improve CVM regulation governing the sector's access to the domestic securities market. The proposals in the paper, titled "Unlocking Value in Mining," are aimed at expanding fundraising options for pre-operational mining companies, or junior mining companies. The document argues that Brazilian mining companies are relying heavily on overseas markets, citing estimates that more than 100 companies in the country's mineral sector are listed on foreign exchanges, especially in Canada and Australia, while only three large mining companies trade on B3. In remarks at the event, Lobo said the CVM would continue to engage in dialogue on the issue and described critical minerals as a priority area, adding that the financing ecosystem available abroad for these companies should be replicated in Brazil as effectively as possible. He also linked the discussion to Brazil's rare earth reserves and the role of those minerals in batteries, semiconductors, wind power and electric vehicles. The event also brought together representatives from the Brazilian Development Bank, Finep and industry groups, reflecting broader interest in developing funding solutions for the mining sector and enabling more mining companies to list on B3 using approaches seen in foreign capital markets.

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